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Can I Buy Cannabis (Medical Marijuana) Stocks on TD Ameritrade?


Can I trade marijuana stocks on TD Ameritrade in 2018? Does TD Ameritrade offer investing in U.S. and Canadian weed, medical cannabis stocks, ETFs, and mutual funds (Aurora, Canopy Growth, Cronos, Tilray)? Pot stocks trade cost.



Overview of Trading Cannabis Stocks on TD Ameritrade


Recent legal changes in the United States, Canada and elsewhere have created a new investment opportunity for an old pharmaceutical: marijuana. Because the drug is now legal in many jurisdictions for various purposes, more companies are sprouting up that are trying to grow like a weed. Many of these businesses are small operations whose shares trade on over-the-counter exchanges. This creates an environment with greater risk, but potentially higher reward.


Can I Trade Marijuana Stocks on TD Ameritrade?


Many of these unique pot stocks can be traded at TD Ameritrade. In fact, you can buy just about every marijuana stock, mutual fund or ETF with this broker, including all four of the biggest players in the Canadian cannabis industry: Aurora Cannabis (NYSE:ACB), Canopy Growth (NYSE:CGC), Cronos Group (NASDAQ:CRON), and Tilray (NASDAQ:TLRY).


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How much TD Ameritrade Marijuana Stock Trades Cost?


TD Ameritrade charges $6.95 for cannabis stocks trades - the same commission as on all other stock trades.


Buying Cannabis Stocks on TD Ameritrade


You can buy medical cannabis stock, mutual fund or ETF in exactly the same way as you buy any other security. There are no special rules for this.

TD Ameritrade offers stocks that trade on a variety of exchanges, including the New York Stock Exchange, Nasdaq, and OTC markets. Many companies that grow marijuana will be listed over-the-counter. One that isn’t is Insys Therapeutics. This company trades on the Nasdaq under the ticker symbol INSY. It manufactures a variety of medicines for many different health problems. Its most successful product is Subsys, a pain reliever for cancer patients.

Insys also is developing cannabinoids that can be used for medical problems, such as severe pediatric epilepsy. Because the company manufactures a wide variety of medicines, its stock price will be affected by many drugs besides its cannabidiol. Thus, the stock is inherently diversified.


Invest in Marijuana stocks on TD Ameritrade


TD Ameritrade provides a lot of information on this company. The broker’s profile page for Insys shows a chart with 20 years of price history. Equity reports can be downloaded free of charge from several independent stock analysts, including Vickers, TheStreet.com, MarketEdge, CFRA, and Ford Equity Research. The company’s recent SEC filings are also available on the TD Ameritrade website.

INSY currently trades around $13, which is below its 52-week high of $19.96. It has over 70 million shares outstanding, and pays no dividend. The short interest in the stock is over 37% right now, a very bad sign.


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TD Ameritrade Commissions


InvestmentsCommissions
Stocks and ETFs $6.95
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Customers who open a TD Ameritrade account with at least $3,000 are eligible for commission-free trades. There is a maximum of 500 trades, which must be executed within 2 months of account opening. Free trades are an excellent way for beginners to practice trading. Promotion offer link is above.

Furthermore, with more than 300 commission-free ETF's, investors can build a diversified portfolio with no trading fees. TD Ameritrade's robo advisor, which costs just 30 basis points and has a lower minimum investment amount.


Updated on 10/25/2018.